NEVADA HOUSING DIVISION - Homebuyershttps://www.homeispossiblenv.org/blog-category/homebuyers
enPssst! 10 secrets for making your first home purchase a success.https://www.homeispossiblenv.org/blog/pssst-10-secrets-making-your-first-home-purchase-success
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/NHD_190059_what%201st%20time%20buyers%20should%20know%20blog_Main.jpg" width="1350" height="675" alt="" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p align="center"><em>We talked to some first-time homebuyers about what they wished they’d known before they made that big purchase. Learn from their mistakes with these 10 first-time homebuyer tips.</em></p>
<p> </p>
<p>Back in 1986, Tom Hanks and Shelley Long got a lot of laughs for their comedy about buying a home that seemed like a great deal, but proved to be a real <a href="https://www.imdb.com/title/tt0091541/">Money Pit</a>. And while the story makes for great entertainment, purchasing a home with hidden problems is anything but. We talked to some homebuyers and asked them what they wished they’d known before they bought that first one. And because we’re super helpful, we’ve collected their insights to share with you.</p>
<ol><li>
<h2>
<strong>Prioritize</strong></h2>
</li>
</ol><p>Most of us can’t afford to get everything we want in a first-time home purchase. (Sorry, did we just crush your dreams?) So, it’s important to think about your priorities. Then stick to them. Is the home’s location vital to you? Number of bedrooms? Size of lot? Once you determine what is most important, you can hone your search accordingly, so you don’t end up falling in love with a home in a neighborhood you really don’t want to live in.</p>
<ol><li value="2">
<h2>
<strong>Ask for more from the seller</strong></h2>
</li>
</ol><p>Home inspections are designed to clue a potential homebuyer in on any defects or issues with the home that might not have been obvious at first glance. When you get that list of issues, why not see if they’re willing to make some or all of those fixes? Take note: If you’re in a bidding war with other buyers, this tactic could backfire and send the seller to another offer.</p>
<p>Emily B. admits to missing out on this opportunity, “Having both bought and sold, I was asked to fix many things when selling, but I typically asked for very little when buying.”</p>
<ol><li value="3">
<h2>
<strong>Hire an arborist </strong></h2>
</li>
</ol><p>Trees can be lovely landscape additions. Or they can be a new homeowner’s leafy nightmare. Are the roots invasive? Is the tree healthy, or will removal be necessary? Don’t guess on this one.</p>
<p>Andrew J. and his family got a big, fat expensive surprise when they moved to a forested lot in Maryland. “At about $5k-$10k for large tree removal, we had some rather nasty surprises when we bought our house.”</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/touching-our-roots">Get to the root of the tree problem before you buy</a></p>
<ol><li value="4">
<h2>
<strong>Hire a surveyor to check property lines </strong></h2>
</li>
</ol><p>Want to add a fence? Do some landscaping? Build a deck? Avoid legal wrangling later by having a surveyor check property lines before you buy. The seller may not even know where the legal property lines actually are.</p>
<ol><li value="5">
<h2>
<strong>Consider the workload</strong></h2>
</li>
</ol><p>More than a mortgage payment, you have to invest time in maintaining a home. How large is the yard? How complicated is the landscaping? Is there an irrigation system to maintain? If you desire a lot of home improvements, do you have the time and/or money to invest in getting them done? Is a condo or small lot a better option?</p>
<p>Heidi L. was ecstatic to become a homeowner, but the cyclist and busy professional didn’t envision she would spend all her weekends working on her home. Yard and house work and the inevitable necessary improvements were a far bigger commitment than she bargained for. “You buy it and you think it’s easy coasting from there, and it’s definitely not.”</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/we%E2%80%99re-piping-about-benefits-regular-pipe-maintenance">We’re piping up about the benefits of regular pipe maintenance</a></p>
<ol><li value="6">
<h2>
<strong>Schools matter</strong></h2>
</li>
</ol><p>Even if you don’t have kids or plan to have them, the resale value of your home will be affected by the school districted it is zoned for. </p>
<ol><li value="7">
<h2>
<strong>Get the real inside scoop </strong></h2>
</li>
</ol><p>We love real estate agents (seriously, <a href="https://www.homeispossiblenv.org/find-lender-agent/find-agent.php">here are a bunch of swell ones</a>), but they just don’t have the property knowledge and insight that a seller has, so talk to the seller directly if you can, to get a complete picture of the home.</p>
<p>Andrew J. happened to run into the seller while showing his girlfriend the house he planned to buy and he’s really glad he did. “(The homeowner) went into a tirade about structural damage, the constant water in the basement, that the house was built on a spring and that he was initiating a lawsuit against the builder. He finished by insisting we run, not walk, away from buying the house!”</p>
<ol><li value="8">
<h2>
<strong>Collect the paperwork </strong></h2>
</li>
</ol><p>Do you want to be a sleuth in your new home? We’re guessing no. Getting the low down – and paper work –on alarm systems, irrigation set-up, ethernet locations, appliance warranties and operation, garage doors, HOA rules, even which mailbox is yours can be a huge help. The seller knows it all and you know none of it. So, ask for all that insider intel before you take possession of your new home.</p>
<p>Ksenya G. wishes she had thought to ask for diagrams and details on her home’s irrigation. “We were in our first single family home and it was a pain to figure out the sprinkler system, pipe network and where it drains out. Summer hit after a big winter snow and we had busted pipes.”</p>
<ol><li value="9">
<h2>
<strong> Find out what’s coming </strong></h2>
</li>
</ol><p>Are future developments planned out your back door? Is the area zoned for mixed use? Ask around and find out. Talk to neighbors. Google stuff. You don’t want a surprise once you’ve gotten all nestled into your new place.</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/5-tips-every-homebuyer-should-know">5 Tips Every Homebuyer Should Know</a></p>
<ol><li value="10">
<h2>
<strong> Wait until you’re ready</strong></h2>
</li>
</ol><p>Are you ready to set priorities for a home search? Ready to make the financial commitment (mortgage, plus taxes, plus applicable HOAs, plus insurance, plus improvements, plus…)? Ready to make the time commitment to maintain a home? Successful homeownership is all about timing, make sure your timing is right.</p>
<p>And if you’re trying to become a savvy first time homebuyer, you’re in the right place. Our experienced HIP-qualified <a href="https://www.homeispossiblenv.org/find-lender-agent/find-lender.php">lenders</a> and <a href="https://www.homeispossiblenv.org/find-lender-agent/find-agent.php">real estate agents</a> can help you avoid rookie mistakes and score a home within your budget using one of our great <a href="https://www.homeispossiblenv.org/index">homebuying programs</a>.</p>
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div><div class="field field-name-field-hide-this-blog field-type-list-text field-label-above"><div class="field-label">Hide a blog post:&nbsp;</div><div class="field-items"><div class="field-item even">No</div></div></div>Fri, 11 Jan 2019 18:49:30 +0000admin555 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/pssst-10-secrets-making-your-first-home-purchase-success#commentsIs it a diamond in the rough or a money pit? A guide to purchasing a fixer-upper.https://www.homeispossiblenv.org/blog/it-diamond-rough-or-money-pit-guide-purchasing-fixer-upper
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/NHD_180794_Fixer%20Upper%20Blog_MAIN.jpg" width="1350" height="675" alt="" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p align="center"><em>Buying a fixer-upper can seem like a romantic idea – when you get to turn that shabby house into your dream home. But there are many things to consider when purchasing a house that needs repairs, so we created a guide to help you determine when to purchase that fixer-upper and when to walk away.</em></p>
<p> </p>
<p>Just about anytime can be a good time to buy a fixer-upper, as long as you can get the <em>right</em> price on the property you’re eyeing. What defines the right price? We’re so glad you asked!</p>
<p>There are a few things to consider before purchasing a fixer-upper, among them your level of handiness (are you a Tim the Tool Man Taylor or a Mr. Bean?), and whether you plan to live in it awhile or resell it quickly. Either way, you’ll need to get out the ol’ calculator and figure out the cost of renovations before you make an offer.</p>
<p><strong>What is a fixer upper?</strong></p>
<p>One man’s trash is another man’s treasure. Or in the case of homes, one person’s tear-down is another person’s, “Look at the potential!”</p>
<p>The perfect fixer-upper is the home that everybody will want in the future but that nobody wants right now. It’s a home that needs “substantial” improvement in order to be considered desirable or possibly even habitable. If you have the vision and the wherewithal to see beyond the weeds in the yard, floral wallpaper and aged water heater, you can land a property that you (or another buyer) will love someday in the future. You just have to be willing to put in the time, work and investment to get it from “ick” to “oooh!”</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/come-home-happy-how-curb-appeal-can-improve-your-mood-and-add-value">Come home to happy. How curb appeal can improve your mood (and add value)</a></p>
<p><strong>What to look for in a fixer upper</strong></p>
<ol><li>
Good location</li>
</ol><p>Do we need to state the obvious? Of course, we do – location matters a whole bunch. No matter how much granite and hardwood and climbing roses and outdoor kitchen action you add to your property, if the location stinks when you bought, it will still stink after you do the work. Of course, if you plan to flip the house – or sell quickly after fixing it up – what you consider an ideal location is not important. You will want a location that potential buyers would find desirable, however, or even the fixed upped house will be a tough sell. </p>
<ol><li value="2">
Good “bones”</li>
</ol><p>The overall layout of the home should be acceptable to you and desirable to other buyers if you plan to resell at some point. That means there is no need to remove load-bearing walls or add on rooms or do major structural changes that will cost a lot of money. It needs to have the right number of rooms in the right locations.</p>
<ol><li value="3">
Reasonable renovations</li>
</ol><p>When it comes to fixer-uppers, there are easy fixes and hard fixes. To be clear, unless you own a construction company or love unending projects, you should choose a fixer-upper with easy fixes, not hard ones.</p>
<p>Generally speaking, these renovations fall in the easy category:</p>
<ul><li>
New paint (inside and/or out)</li>
<li>
New carpet or flooring</li>
<li>
Adding fans, changing light fixtures</li>
<li>
Replacing cabinets or doors</li>
<li>
Replacing a few broken windows</li>
<li>
Improving landscape</li>
</ul><p>If the home has any of these challenges, think twice – no three times – before purchasing:</p>
<ul><li>
Walls that need to be moved, particularly those that are load-bearing</li>
<li>
HVAC, plumbing or central air repairs or additions</li>
<li>
Foundation repairs</li>
<li>
Need for a new roof</li>
<li>
Upgrades to plumbing</li>
<li>
Significant window replacement</li>
<li>
Addition of a concrete driveway</li>
<li>
Full kitchen/bath remodel</li>
<li>
An addition</li>
</ul><p>Chelsey and Kyle B. had the option of buying a newer home in a neighborhood less desirable to them or purchasing an older family home that needed a lot of work in a neighborhood they loved. “We never would have bought this house if my husband wasn’t so handy,” Chelsey explains. “We’ve been here two years and, so far, we’ve done almost all the work ourselves.” Chelsey and Kyle are able to live in the home while they work their way through the list of house needs – like replacing a water heater and water-damaged sub floor – on their way to their list of house wants. It will take them some time, but they will eventually have a home they love.</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/winter-friendly-house-projects-northern-nevada">Winter-Friendly House Projects: Northern Nevada</a>,<br /><a href="https://www.homeispossiblenv.org/blog/winter-friendly-house-projects-southern-nevada">Winter-Friendly House Projects: Southern Nevada</a></p>
<p><strong>Get inspections</strong></p>
<p>We cannot stress enough how important it is to get home inspections to assess the true state of your prospective project. Home issues are often not visible to the untrained eye (that’s right, we just accused you of having untrained eyes). Inspectors, on the other hand, know what to look for and when to be concerned.</p>
<p>Jon Moretti of Resolution Realty in Henderson depends on inspections when advising his clients. “Some clients see cracks from a home settling and get concerned, but cracks are not always an issue. A water spot can mean an old problem that got fixed or an ongoing problem. I rely on inspectors to let me know which problems are the real problems.”</p>
<p>Most inspectors are generalists who can look for signs of damage and defects, but if you have a specific concern (e.g. the orange liquid that comes out of the faucets), hire an inspector who specializes in that area.</p>
<p>Items most inspectors will check for:</p>
<ul><li>
Chimney</li>
<li>
Electrical system</li>
<li>
Lead-based paint</li>
<li>
Asbestos</li>
<li>
HVAC</li>
<li>
Wood damage</li>
<li>
Foundation</li>
<li>
Roof</li>
<li>
Sewer or septic system</li>
<li>
Water systems/plumbing</li>
</ul><p>Specialty areas you may want checked: </p>
<ul><li>
Soil stability (particularly if you are on a hillside)</li>
<li>
Gases and chemicals (e.g. radon, methane)</li>
<li>
Mold</li>
<li>
Document inspection (they can check for lot encroachment, easements, square footage verification and zoning)</li>
</ul><p>Bear in mind, what you learn from your inspections can serve as a negotiating tool with the seller, potentially offsetting the cost of the inspections.</p>
<p><strong>How much should you pay for a fixer-upper?</strong></p>
<p>Get ready homebuyers, it’s math time! What you pay should be based on what the home will cost when the renovation is completed. To figure out the cost of renovation, talk to construction and renovation specialists and estimate high. Include materials and labor — yours and other people's — and expect things to cost more than the estimates you get. Then subtract the total of these costs from the home's likely market value after renovation, based on comparable real estate prices in the neighborhood. Go ahead and deduct another 5 to 10 percent for extras you decide to add; unforeseen problems and mishaps that have to be dealt with; and inflation. What's left should be your offer.</p>
<p>According to the National Association of Home Builders, for maximum resale value, remodeling investments should not raise the value of your house more than 10 to 15 percent above the median sale price of other houses in your area.</p>
<p><strong>Is a fixer-upper in your future?</strong></p>
<p>If you think you might want to purchase a fixer-upper, first you’ll need a <a href="https://www.homeispossiblenv.org/find-lender-agent/find-lender.php">lender</a> and a <a href="https://www.homeispossiblenv.org/find-lender-agent/find-agent.php">real estate agent</a>. Lucky for you, we’ve got some knowledgeable ones in our searchable database. We also have some great <a href="https://www.homeispossiblenv.org/index">homebuying programs</a> that’ll stretch the heck out of your purchasing dollar.</p>
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div><div class="field field-name-field-hide-this-blog field-type-list-text field-label-above"><div class="field-label">Hide a blog post:&nbsp;</div><div class="field-items"><div class="field-item even">No</div></div></div>Thu, 20 Dec 2018 00:34:40 +0000admin552 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/it-diamond-rough-or-money-pit-guide-purchasing-fixer-upper#commentsHomeowners Insurance – the necessity we love to hate (until we need it, then we❤️it).https://www.homeispossiblenv.org/blog/homeowners-insurance-%E2%80%93-necessity-we-love-hate-until-we-need-it-then-we%E2%9D%A4%EF%B8%8Fit
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/NHD_180760_Homeowners%20insurance_main.jpg" width="1350" height="675" alt="tree branch through house roof" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p align="center"><em>Homeowners insurance is a necessity that comes with home ownership. From fire to theft, broken pipes to a tree limb crashing through the roof, your homeowners insurance covers you when disaster strikes, helping you recover and get back to living. </em></p>
<p align="center"> </p>
<p>Unless you collect jet planes or rare Greek sculptures, a home will likely be the biggest financial investment you make. Doesn’t it make sense to protect that investment?</p>
<p>According to the Nevada Department of Business and Industry (which governs insurance in the state) <a href="http://doi.nv.gov/Consumers/Homeowners-Insurance/">website</a>, homeowners insurance policies are not required by Nevada law. However, mortgage lenders can require that a homeowner purchase homeowners insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed. If you ask us (which, face it, you kind of are by reading this), it’s just a smart thing to do.</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/making-extra-mortgage-payment-smart">Is Making An Extra Mortgage Payment Smart?</a></p>
<p>If you’re looking to purchase a home, you’ll need to put shopping for insurance on your to-do list. And if you already have a policy, it may be time to review.</p>
<p><strong>What is homeowners insurance?</strong></p>
<p>Homeowners insurance is protection for your home in the event of an, “Oh no!” event. Think: fire, water damage from a broken pipe, a baseball through a window, or the mailman tripping on your garden hose and breaking an arm (ouch!).</p>
<p>While each policy is different, these are generally the things homeowners insurance protects:</p>
<p>1. Dwelling<br />
This is your home itself – walls, roof and any attached decks or garages. So if your home is uninhabitable due to damage, you won’t have to throw up a tent in the backyard. Most policies will pay for you and your family to live somewhere else while your home is repaired.</p>
<p>2. Other Structures<br />
This protects additional buildings on your property such as sheds or detached garages.</p>
<p>3. Personal Property<br />
Protection for the items in your home, like your furniture, clothing, computers. Your insurance policy can cover both loss and damage.</p>
<p>4. Family Liability<br />
If you or one of your family members is found legally responsible for another person's injuries or damage to someone else's property, this part of a homeowners insurance policy can cover your financial obligation.</p>
<p>5. Guest Medical Protection<br />
When a guest in your home is accidentally injured on or around your property, this portion of a homeowners insurance policy can help pay medical bills. Don’t assume this is a vindictive guest. Accidents happen, and medical bills can be big.</p>
<p>Bear in mind, flood and earthquake damage are not covered by a standard homeowners insurance policy. These policy costs will depend on the likelihood of those disasters in your home’s location.</p>
<p>Finding the right policy and company will make all the difference when you need it. Consider these two conflicting experiences:</p>
<p>New homeowner, Sarah L. shares on Facebook, “When our home flooded, the insurance [company] found an excellent damage mitigation company. One of those workers gave Mike a lot of tips and advice with our flood, even texted him to check and make sure we were doing alright after the cleanup. Filing the claim and follow-ups were pretty straightforward and we felt like we were compensated for damages and loss.”</p>
<p>Barry S. had a very different experience when a pipe under a house he owned in another town burst, flooding under the house and the yard. Barry shares, “The plumbers determined that the plumbing was so old that it all needed to be replaced. We filed a claim. Not only did they deny it, they came out and assessed the property, found lots of things they wanted done to the place and if we didn’t have it all done within 30 days – impossible, not to mention VERY expensive –they would cancel the insurance.”</p>
<p><strong>How to shop for homeowners insurance </strong></p>
<p>You’re not buying peanut butter here, so give yourself time to make a smart purchase. Don’t wait until you need it to find out if it will serve your needs. A good place to start: your friends. Ask for referrals from people you know, particularly those who have had cause to file claims.</p>
<p>1. You better shop around<br />
Like most things, doing a little research can serve you well in the long term. However, don't let price be your only guide as insurance is only as good as the relief it provides when you need it. In addition to asking friends, consider online customer reviews and Better Business Bureau rankings.</p>
<p>2. Premium vs deductible – what’s your pain point?<br />
The premium is the fee you pay to the insurance company for them to cover you (usually annually). A deductible is the amount you have to pay toward a loss before the insurance company starts to pay on the claim. The higher your deductible, the lower your premium (and vice versa). Nowadays, most insurance companies recommend a deductible of at least $500. If you can afford to raise your deductible to $1,000, you may save as much as 25 percent. Consider how likely you are to file a claim: Is your home prone to wind damage, at risk for wildfire, have older pipes more likely to burst? You may want to keep the deductible lower. Your insurance policy may have a separate deductible for certain kinds of damage (e.g. flood damage if you are in a flood zone).</p>
<p>3. Consider your rebuild cost, not your home price<br />
The maximum payout for your policy would be to rebuild your home in case of a disaster. When you’re figuring what that number should be, remember that the land your home sits on will still be there even if the home is a total loss (we’re not in <a href="https://www.smithsonianmag.com/science-nature/science-behind-floridas-sinkhole-epidemic-180969158/">Florida</a> after all). So, don't include the land value in deciding how much homeowners insurance to buy.</p>
<p>4. Bundle, baby<br />
Just about every insurance carrier will offer a discount for purchasing multiple policies. Most commonly, people bundle home and auto. You might start by contacting your current auto insurance carrier (assuming you like them) and seeing what deal they can make you. </p>
<p>5. “Secure” a discount (for home security, get it?!)<br />
You can usually get discounts of at least 5 percent for a smoke detector, burglar alarm or dead-bolt locks. Some companies will cut premiums by as much as 15 or 20 percent if you install a sprinkler system and a fire and burglar alarm that rings at a monitoring station. However, before you make the investment, find out which systems your insurer recommends, how much the device would cost and how much you'd save on premiums.</p>
<p>6. Manage your credit score<br />
If we know you, and we think we do, you’re way ahead on this (‘cause you <a href="https://www.homeispossiblenv.org/blog/5-ways-humanely-raise-your-credit-score">read this</a>). Home shoppers likely already know the importance of a good credit score for favorable lending terms, but your credit score can impact your homeowners insurance policy as well. According to the <a href="https://www.iii.org/article/twelve-ways-to-lower-your-homeowners-insurance-costs">Insurance Information Institute</a>, insurers are increasingly using credit information to price homeowners insurance policies.</p>
<p>RELATED: <a href="https://www.homeispossiblenv.org/blog/your-credit-score-demystified">Your Credit Score, Demystified</a></p>
<p><strong>You already have homeowners insurance? Sorry, your work’s not done. </strong></p>
<p>If you already have homeowners insurance and you’re still reading this article, your perseverance is about to pay off. Here are a few tips for you:</p>
<p>1. Reassess every year<br />
Because things change, the <a href="https://www.iii.org/article/twelve-ways-to-lower-your-homeowners-insurance-costs">Insurance Information Institute</a> advises reviewing your policy annually. You want your policy to cover any major purchases or additions to your home and you don't want to spend money for coverage you no longer need. If your five-year old flat screen is no longer worth the $8,000 you paid for it, you'll want to reduce or cancel your <a href="https://www.investopedia.com/terms/f/floaterinsurance.asp">floater</a>. However, if you just upped your backyard entertaining game with a new <a href="https://www.wowamazing.com/luxury-living/houses/fancy-outdoor-patios/">deck</a>, you’ll want to up your coverage. Consider hiring an independent appraiser to get an accurate rebuild cost.</p>
<p>2. Ask for the loyal customer discount<br />
Some insurers will offer a small discount for customers who stay with them for a certain number of years. However, don’t wait for them to volunteer this information: Ask, every year if necessary.</p>
<p>3. Check your credit<br />
If you’ve improved your credit score, you may qualify for a premium reduction, but you won’t get it if you don’t ask. </p>
<p>Homeowners insurance may not be one of the most exciting purchases you make for your home, but it could be one of the most important. If you’re still in need a home to buy insurance for, consider the awesomeness of our Home Is Possible programs to make your purchase more affordable. Get started <a href="https://www.homeispossiblenv.org/get-party-started">here</a>.</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/2018" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">2018</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div><div class="field field-name-field-hide-this-blog field-type-list-text field-label-above"><div class="field-label">Hide a blog post:&nbsp;</div><div class="field-items"><div class="field-item even">No</div></div></div>Fri, 09 Nov 2018 00:32:25 +0000admin551 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/homeowners-insurance-%E2%80%93-necessity-we-love-hate-until-we-need-it-then-we%E2%9D%A4%EF%B8%8Fit#comments5 Steps To Becoming A Smarter Homebuyerhttps://www.homeispossiblenv.org/blog/5-steps-becoming-smarter-homebuyer
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/NHD_180190_Homebuyer_Ed_Taboola_image-main.jpg" width="876" height="561" alt="" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Because a home is the biggest purchase most people will make in their lives, it stands to reason that taking a homebuyer education course is a smart move. Most courses offer important information for first-time homebuyers and seasoned buyers alike. Thankfully, these can typically be completed in less than an hour for an online version, and in a matter of hours in a classroom setting. That’s a great cost/benefit ratio given that a buyer can save lots of money and time as they head down the path to homeownership.</p>
<p>These courses are required by down payment assistance programs like <a href="https://www.homeispossiblenv.org/home-possible-nevada-down-payment-assistance-programs">Home Is Possible</a> in Nevada. The reason for the requirement: Program administrators, like the Nevada Housing Division (NHD), are focused on setting homebuyers up for success. Education is one way to accomplish this. Many experts recommend that homebuyers who don’t take advantage of homebuyer programs should still take a course even though they’re not required to do so.</p>
<p><strong>From Preapproval To Closing</strong></p>
<p>Do you know the difference between <a href="https://www.investopedia.com/articles/basics/07/prequalified-approved.asp">prequalification and preapproval</a>? Do you happen to <a href="https://www.homeispossiblenv.org/blog/your-credit-score-demystified">know your credit score</a>, and why it matters? What about smart <a href="https://www.thespruce.com/things-to-look-for-house-hunting-1977279">house shopping strategies</a>? Or the steps necessary to <a href="http://www.freddiemac.com/singlefamily/docs/Step_by_Step_Mortgage_Guide_English.pdf">secure a mortgage</a>? It’s a lot to take on, even with a mortgage lender and/or real estate professional by your side. Getting a handle on the big picture along with some important details before you even begin your homebuying adventure is a lot easier with a homebuyer education course under your belt.</p>
<p>For Nevada homebuyers, NHD, administrators for the <a href="https://www.homeispossiblenv.org/family-homebuyer-programs">Home Is Possible family of homebuyer programs</a>, has approved 12 online courses that meet their homebuyer education requirement. One is free: their <a href="https://www.homeispossiblenv.org/program/welcome-homeownership-101">in-house-developed education course</a>. It’s available in English and Spanish, and provides insight and guidance from Nevada mortgage and real estate professionals.</p>
<p>The NHD course includes five short videos on the following topics:</p>
<p style="margin-left:31.5pt;">1. Financially Preparing For Homeownership – <a href="https://www.linkedin.com/in/nick-serrano-6531007/">Nick Serrano</a>/<a href="https://www.homeispossiblenv.org/find-lender-agent/access/view-lender.php?Loan_officer=NDY0&amp;n=NDY4&amp;p=MTM4OQ==">Susana Alcala</a></p>
<p style="margin-left:31.5pt;">2. Obtaining A Mortgage – <a href="https://www.homeispossiblenv.org/find-lender-agent/access/view-lender.php?Loan_officer=ODA=&amp;n=MTA1Ng==&amp;p=MTQ3NA==">Sam Britt</a>/<a href="https://www.guildmortgage.com/get-started/officer/?officer=jorgemontoya">Jorge Montoya</a></p>
<p style="margin-left:31.5pt;">3. Home Is Possible – <a href="http://business.nv.gov/About/Director_C_J__Manthe/">CJ Manthe</a>/<a href="https://www.coldwellbanker.com/Coldwell-Banker-Select-Real-Estate-11911c/Juan-Segura-458065a">Juan Segura</a></p>
<p style="margin-left:31.5pt;">4. Shopping For A Home – <a href="https://www.homeispossiblenv.org/find-lender-agent/access/view-agent.php?Realtor_officer=Mjkz&amp;n=MzQy&amp;p=OTYx">Angelica Reyes</a>/<a href="https://www.coldwellbanker.com/Coldwell-Banker-Select-Real-Estate-11911c/Juan-Segura-458065a">Juan Segura</a></p>
<p style="margin-left:31.5pt;">5. The Closing Process – <a href="https://www.realtor.com/realestateagents/Mark-Ashworth___2185776_909894273">Mark Ashworth</a>/<a href="http://www.erinschillerticor.com/Alice-Escalante">Alice Escalante</a></p>
<p>Some folks learn better in a more structured learning environment with live interaction. In-person classes are occasionally offered through NHD and other organizations. Some classes in Nevada are posted <a href="https://www.homeispossiblenv.org/events">here</a>.</p>
<p><strong>Sounds Good. Now What? </strong></p>
<p>Any time is a good time for some homebuyer education, but certainly the earlier in the process, the better. For those who need an education course in order to meet program requirements, like the requirement for Home Is Possible, course certification is good for one year from completion.</p>
<p>With online courses and easy-to-watch videos, the homebuyer education process has never been more accessible for Nevada homebuyers looking to get smarter, and fast. Nevada Housing Division is a great place to <a href="https://www.homeispossiblenv.org/page/buyers-education">get started</a>.</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/homebuyer-education" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">homebuyer education</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div><div class="field field-name-field-hide-this-blog field-type-list-text field-label-above"><div class="field-label">Hide a blog post:&nbsp;</div><div class="field-items"><div class="field-item even">Yes</div></div></div>Tue, 06 Feb 2018 17:08:38 +0000admin503 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/5-steps-becoming-smarter-homebuyer#commentsHow Does The New Tax Bill Affect Homebuyers & Homeowners?https://www.homeispossiblenv.org/blog/how-does-new-tax-bill-affect-homebuyers-homeowners
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/NHD_180043_New_Tax_Regulations_main%20image.jpg" width="876" height="561" alt="" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>You may have heard: There’s a new tax bill in town. Well, the whole country, to be precise. So what does the <a href="https://www.congress.gov/bill/115th-congress/house-bill/1">Tax Cuts and Jobs Act</a> mean to you as a homebuyer or homeowner starting in 2018? Good question. We found some great answers from some pretty great sources during our most recent surfing expedition.</p>
<p>Please keep in mind that the information and interpretations vary a bit from source to source, so it’s best to gather all the intel you can handle—even beyond what we’ve provided below—and speak with a tax consultant before filing your 2018 taxes to help with your individual situation.</p>
<p><strong>Journal Of Accountancy</strong></p>
<p>For a thorough rundown of the biggest changes in tax law, free from opinion or speculation, it’s the Journal Of Accountancy for the win.</p>
<p><a href="https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-individuals-201718070.html">Happy reading</a>.</p>
<p><strong>National Association Of REALTORS<sup>®</sup></strong></p>
<p>REALTORS<sup>®</sup> naturally are interested in, and impacted by, how the new tax bill relates to housing. In fact, the National Association Of REALTORS (NAR) <a href="https://www.nar.realtor/tax-reform/the-tax-cuts-and-jobs-act-what-it-means-for-homeowners-and-real-estate-professionals">lobbied</a> to affect positive change for homebuyers and homeowners.</p>
<p><u>Key takeaway</u>: NAR is now projecting slower growth in home prices of 1-3% in 2018 as low inventories continue to spur price gains. However, some local markets, particularly in high cost, higher tax areas, will likely see price declines as a result of the legislation’s new restrictions on mortgage interest and state and local taxes. <a href="http://narfocus.com/billdatabase/clientfiles/172/19/3062.pdf">Happy reading</a>.</p>
<p><strong>Forbes</strong></p>
<p>First-time homebuyers: Take note! Forbes and NAR are optimistic that homebuying newbies could benefit from the new tax bill, and buyers of low and moderately priced homes may not be negatively impacted. That means <a href="https://www.homeispossiblenv.org/home-possible-nevada-down-payment-assistance-programs">Home Is Possible</a> participants!</p>
<p><u>Key takeaway</u>: While homeowners in very high-tax areas (ie New York, New Jersey, Connecticut, Maryland and California) may see a reduced overall deduction, for Nevadans, the new $10,000 combined limit is still a good deal. <a href="https://www.forbes.com/sites/samanthasharf/2018/01/09/what-in-the-final-tax-bill-could-impact-your-housing-costs/#539ef2602c08">Happy reading</a>.</p>
<p><strong>CBS &amp; Capital Economics</strong></p>
<p>CBS and Capital Economics both explore the question: to buy or to rent given the new tax bill. Spoiler alert: In most cases, they say it’s still more advantageous to buy.</p>
<p><u>Key takeaway</u>: Although the legislation caps deductions for property tax at $10,000 per year and lowers the ceiling on the debt level you can deduct interest costs on (now $750,000 instead of $1 million), the math shows that owners of average homes won't be worse off. <a href="https://www.cbsnews.com/news/gop-tax-plan-best-to-buy-or-rent-a-home/">Happy reading.</a> And <a href="https://research.cdn.capitaleconomics.com/e1b595/buying-still-better-than-renting-in-the-long-run.pdf">more happy reading</a>.</p>
<p><strong>H&amp;R Block</strong></p>
<p>We thought it’d be smart to see what tax professionals are saying about the new bill. H&amp;R Block takes a look at itemizing in 2018, something homeowners and homebuyers should pay attention to since housing has historically been one of the biggest itemizations.</p>
<p><u>Key takeaway</u>: Mortgage interest remains deductible – with two important changes. First, for mortgages taken out after December 14, 2017, only the interest on the first $750,000 of mortgage debt is deductible. Second, interest on home equity loans will no longer be deductible. <a href="https://www.hrblock.com/tax-center/irs/tax-reform/3-changes-itemized-deductions-tax-reform-bill/">Happy reading</a>. </p>
<p><strong>All Politics Aside</strong></p>
<p>We admit we were sweatin’ a bit through the negotiation process of the Tax Cuts and Jobs Act. In the early stages, Mortgage Credit Certificate programs were on the chopping block. We are very happy to report that our <a href="https://www.homeispossiblenv.org/home-possible-mortgage-credit-certificate">MCC</a> is alive and well, and we’re ready to help more first-time homebuyers, veterans and military personnel save money on their federal taxes annually. Phew! Simply contact a <a href="https://www.homeispossiblenv.org/find-lender-agent/find-lender.php">HIP-qualified lender</a> to get started.</p>
<p> </p>
<p> </p>
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div><div class="field field-name-field-hide-this-blog field-type-list-text field-label-above"><div class="field-label">Hide a blog post:&nbsp;</div><div class="field-items"><div class="field-item even">No</div></div></div>Fri, 26 Jan 2018 21:16:51 +0000admin502 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/how-does-new-tax-bill-affect-homebuyers-homeowners#commentsOur New Homebuyer Guide Will Solve All The World’s Problems.* *Slight Exaggeration. https://www.homeispossiblenv.org/blog/free-new-home-buyers-guide-2017
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><img alt="Guide to buying a home" src="/sites/default/files/NHD_170661_Homebuying_eBook_SM_FB_2.png" /></p>
<p>Owning your very own home is a pretty amazing experience, but at times, there can be a small problem: The process of buying it can be a bit overwhelming. If you’re either a homebuying rookie or a seasoned homebuyer in need of a refresher course, we have just the thing for you (or your clients if you’re a HIP-qualified <a href="http://www.homeispossiblenv.org/find-lender-agent/find-lender.php" target="_blank">lender</a> or <a href="http://www.homeispossiblenv.org/find-lender-agent/find-agent.php" target="_blank">agent</a>): The Oh-So-Handy Guide To Homebuying. Basically, it’s 40 pages jam-packed with super helpful homebuying information. We carefully crafted it to make sure that any homebuyer can learn something new.</p>
<h2>
<strong>Learn At Mach Speed</strong></h2>
<p>The Oh-So-Handy Guide To Homebuying is a one-stop resource for info on many pertinent homebuying topics, only better. Not only have we consolidated lots of useful advice, we’ve included a number of outside resources that also have brainy things to share with homebuyers like you. By downloading the guide, you can come up a pretty steep learning curve at mach speed.</p>
<h2>
<strong>Hello, Sneak Peek</strong></h2>
<p>Hungry for smart homebuying tips and advice? Let’s start with an appetizer—one piece of advice from each of the five chapters in the Oh-So-Handy Guide To Homebuying.</p>
<h2>
<strong>Chapter One: Why Owning Is Better Than Renting</strong></h2>
<p>As you already know, buying a home in most cases is more financially beneficial than</p>
<p>renting. What you may not know is that a mortgage is often less expensive than rent.</p>
<p>A recent article on Forbes.com further explains. “Over time, as the interest portion of your mortgage payment decreases, the interest you pay will eventually be lower than the rent you would have been paying.”</p>
<p>Also noteworthy is that when interest rates rise, and they’re bound to, the payment on a</p>
<p>fixed interest rate loan will stay put. Rent prices often rise with interest rates—one of many factors that can affect rent prices.</p>
<h2>
Chapter Two: Credit Scores &amp; Your Financial House</h2>
<p>It’s a common misconception that checking your own credit will negatively impact your score. It won’t. Forbes Magazine knows a thing or two about that. Pulling your credit report from reputable companies can also help you see where you’re spending money and what interest rates you’re signed up for. Some of our faves include:</p>
<p>• AnnualCreditReport.com: pulls from all three credit bureaus (for a fee)</p>
<p>• CreditKarma: pulls from two credit bureaus and is free</p>
<p>• Credit Sesame: offers a comprehensive analysis of your credit and debt (one credit</p>
<p>bureau)</p>
<p>• Mint.com: free credit score from one credit bureau and credit monitoring for a fee</p>
<p>• FreeCreditReport.com: free credit score from one credit bureau and credit monitoring</p>
<p>for a fee</p>
<h2>
<strong>Chapter Three: Super Awesome Homebuying Tips</strong></h2>
<p>It may be tempting to skip the real estate agent once you’ve calculated what their commission might be, but we have to stop you right there. For most people, this is the biggest financial decision you’ll make in your life.</p>
<p>You need someone who’s not only working on your behalf, but is also experienced in the art of negotiation, contracts, homebuying process, inspections and the big picture. And ultimately, it’s the seller who pays both agents’ commissions, so it’s sort of a no-brainer. Work with a pro. Preferably, a HIP-qualified pro.</p>
<h2>
<strong>Chapter Four: The Best Homebuying Programs Ever</strong></h2>
<p>The average bonus money amount received per household with HIP is $8,720. And with a one-time fee of just $675, that’s a lot of bonus Washingtons. If your loan value is higher than $218,000 (average loan value), you can expect even more bonus money.</p>
<h2>
<strong>Chapter Five: Train For Success</strong></h2>
<p>Homebuyer classes are designed to cover everything from the homebuying process and</p>
<p>mortgage options to credit management and budgeting. They’re for anyone who wants to buy a home. More specifically, they’re for you—even if this ain’t your first rodeo. We’ve heard from experienced homeowners who took a class that they learned things they didn’t know. That gives us goosebumps!</p>
<p>The NHD-approved classes listed on our website are available to any homebuyer, and are required for any Nevadan who participates in any of our homebuying programs.</p>
<h2>
<strong>Fast Download To Download Info Fast</strong></h2>
<p>If you liked the tidbits of info you read in the sneak peek, then you’ll love our Oh-So-Handy Guide To Homebuying. There’s more advice, tips and industry information that will quickly help you become the savvy homebuyer we always knew you could be.</p>
<div class="find-more">
<a href="http://www.homeispossiblenv.org/guide-to-homebuying-ebook" target="_blank">Download</a></div>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/free-guide-homebuying" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Free Guide to Homebuying</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
</div>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
</div>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
</div>
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</div></div></div>Wed, 21 Jun 2017 20:19:09 +0000admin439 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/free-new-home-buyers-guide-2017#commentsTaking Some of The Pain Out of Movinghttps://www.homeispossiblenv.org/blog/taking-some-pain-out-moving
<div class="field field-name-field-blogimage-detail field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/PainlessMoving.jpeg" width="814" height="495" alt="Family moving into new home" /></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>We spend a lot of time talking about the joys of homeownership. There is one element, however, that might not seem as joyful. And that is the dreaded move. Yes, we just heard that combined sigh of agreement out there. Taking all of our things out of one place and moving it to another is right up there with a root canal. Without anesthesia.</p>
<p>But here’s the thing. It doesn’t have to be that bad. Spoiler alert: Most of these tips involve being (and staying) organized.</p>
<h2>
<strong>Start Early</strong></h2>
<ul><li>
Begin the process as early as you can. Taking your time to go through your things allows you to be smarter about what goes with you.</li>
<li>
Go through your old documents and start shredding them early. Click <a href="http://www.kiplinger.com/article/credit/T065-C000-S002-paper-records-what-to-toss-what-to-keep.html">here</a> for Kiplinger’s recommendations on how long to hold on to specific papers.</li>
<li>
Use the move as an opportunity to pare down your belongings. In the book, <a href="https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308/ref=cm_cr_arp_d_product_top?ie=UTF8">“The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing,”</a> Marie Kondo has a simple formula: Touch everything you own (including your clothes). If it isn’t functional or doesn’t bring you joy, get rid of it. It should seem obvious, but if you haven’t touched it in years, you probably don’t need it.</li>
<li>
Set up a donation box in a prominent location a month before your move. Have family members fill it as they go, which should be easy(ish) as they realize they haven’t worn that shirt since high school. </li>
<li>
Once you’ve accumulated the pile of things you no longer need, have a garage sale (or use CraigsList) to make some money off of them. Invite your neighbors to do the same, as group garage sales tend to attract more attention. Yes, this is extra work, but now you’ll have the extra money you’ll need for the tips in the next section!</li>
<li>
There are a number of non-profits you can call to come and get the things you don’t sell so now you have a tax deduction as well. Are we having fun yet?</li>
</ul><h2>
<strong>Pack It</strong></h2>
<p>Okay, so now you’re looking at the things you definitely want to pack up and move to another house. Now what?</p>
<ul><li>
Crowdsource on Facebook or NextDoor.com for moving boxes and packing materials. This way, you’re also helping someone else get rid of the cardboard they no longer need. Then offer them up to someone else when you’re done. </li>
<li>
Fill up your suitcases, ice chests and other containers before you move them.</li>
<li>
You can pick up end rolls (unprinted paper) from your local newspaper, which makes excellent packaging material.</li>
<li>
You can also use your towels, sheets, pillowcases and blankets to pack breakables. Just try to keep them organized by room – dish towels for dishes, etc.</li>
<li>
Use color-coded tape on your boxes (or use different colored plastic tubs) to let your movers (and friends) know what box goes in what room. You will most likely not remember by looking at the box. </li>
<li>
Consider making a color-coded chart your helpers can use when you’re not there to answer questions.</li>
</ul><h2>
<strong>Move It</strong></h2>
<ul><li>
Pack up an overnight bag with a change of clothes, prescriptions, toothbrush, makeup and other essentials, and be sure you know where it winds up in the new house.</li>
<li>
Consider hiring a moving company. They’ll even pack for you for an extra fee. Just make sure you’re organized, so you’re not paying them to pack up your garbage and move it to the new house.</li>
<li>
If you don’t want to bug your friend with a truck again, you can rent a <a href="https://www.uhaul.com/">U-Haul </a>starting at around $20 a day, plus mileage. When you consider that you might be able to move everything you own in one, or maybe two, loads, it makes the cost totally worth it. Just make sure you have someone on board who can navigate the oversize vehicle. </li>
<li>
If you have time and some money, <a href="https://www.pods.com/">Pods containers </a>will allow you to move into a container over several days and move out of the container for several days. This allows you time to assess items on the front end and put them in their place on the back end.</li>
<li>
This is a good time to take everyone up on their offer of “let me know how I can help.” And we mean everyone. Have Grandma spend time with the toddlers, while Grandpa is overseeing the packing of the tools in the garage. </li>
<li>
Be sure to feed and water your helpers if you ever want them to help you again!</li>
</ul><h2>
<strong>Put It Away</strong></h2>
<ul><li>
Again, consider this an opportunity to put things where you actually want them, and organize as you go. Pro Tip: <a href="http://www.michaels.com/">Michaels</a> and <a href="https://www.bedbathandbeyond.com/">Bed Bath &amp; Beyond </a>often have significant sales on organizational tools for drawers and cabinets.</li>
<li>
If you have bonus time when you have control of both houses, consider getting your garage, yard and other non-essential spaces organized before the big move. This will help you avoid having stacks of boxes in your garage on the one-year anniversary of your new home. </li>
<li>
Assign your friends and family members to different rooms in the new house. Identify their skills and use them. For example, if you have a friend who’s an excellent cook (or super organized), put him in charge of your kitchen. Put your stylish friend in charge of your bedroom or living room. Then don’t criticize what they do – you can always move things around later if you want to.</li>
<li>
One idea we like is having an art party after you’ve moved in. Identify the friends whose homes you admire and invite them over for wine and appetizers to give you advice on where to hang your art (and maybe where to put your furniture). This helps you get creative, instead of putting the same bathroom photo over the toilet in the new house.</li>
<li>
Of course, Karma says you have to help them later since they have helped you.</li>
</ul><p>We cannot promise these tips will make this process painless, so just keep telling yourself how excited you are about your new house. And the housewarming party you’ll be able to surprise your friends with in a few months!</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/moving-tips" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">moving tips</a></div><div class="field-item odd"><a href="/tags/packing" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">packing</a></div><div class="field-item even"><a href="/tags/organizing" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">organizing</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
</div>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-heroes" class="more">Read More...</a></span> </div>
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<div class="field-content"><a href="/program/home-possible-teachers"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/styles/large/public/home-is-possible-for-teachers.png?itok=9oJjTqpo" width="458" height="480" alt="Nevada down payment assistance for teachers - Home is Possible" /></a></div>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-teachers" class="more">Read More...</a></span> </div>
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</div></div></div>Tue, 16 May 2017 19:44:45 +0000admin412 at https://www.homeispossiblenv.orgWe’ve Got $10,000 That Says Teachers Are Appreciated In Nevada. https://www.homeispossiblenv.org/blog/we%E2%80%99ve-got-10000-says-teachers-are-appreciated-nevada
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><strong> <img alt="" src="/sites/default/files/HIPteachersBlog.png" /></strong></p>
<p><a href="https://www.nationaldaycalendar.com/national-teacher-appreciation-day-tuesday-of-the-first-full-week-in-may/" target="_blank">National Teacher Appreciation Week</a> is upon us. If you’re scrambling to deliver an original, heartfelt gift for the amazing teachers in your child’s life (or want to thank a teacher who’s made a profound impact on your life), check out <a href="https://www.pinterest.com/nevadahomeispos/teacher-appreciation/" target="_blank">Pinterest</a>. There’s a plethora of good, crafty, appreciation-filled ideas there for sure—but perhaps not $10,000-good. That’s where we come in.</p>
<p>The Nevada Housing Division is proud to offer the ultimate teacher gift: <a href="http://www.homeispossiblenv.org/program/home-possible-teachers" target="_blank">Home Is Possible For Teachers</a>. This limited-time homebuyer program will give 300 of Nevada’s licensed full-time K-12 teachers extra credit in the form of $10,000 toward the purchase of a home. (Keep reading for more details about the program.)</p>
<p>Admittedly, there’s one flaw with the program: You can’t gift Home Is Possible For Teachers to your favorite educator. They have to give themselves the gift. However, with $10,000 up for grabs, we’re pretty sure teachers will appreciate learning about HIP For Teachers from you. Ahhhhh, the student becomes the teacher, if only for a moment.</p>
<p><strong>Today’s Lesson On HIP For Teachers</strong></p>
<p>We’re rewarding Nevada’s teachers for choosing to work in the Silver State and helping make our future bright. So here’s what teachers need to know about our HIP For Teachers homebuyer program:</p>
<p><strong>Key Benefits:</strong></p>
<ul><li>
$10,000 in bonus money</li>
<li>
Usable for down payment and closing costs</li>
<li>
Forgivable after five years (must stay in home)</li>
<li>
Below-market fixed interest rate 30-year loan</li>
<li>
Statewide program</li>
<li>
No first-time homebuyer requirement</li>
<li>
Can be combined with the <a href="http://www.homeispossiblenv.org/mcc/home-possible-mcc-program.php" target="_blank">Mortgage Credit Certificate</a> (MCC) program with program fees discounted</li>
</ul><p><strong>Program Requirements:</strong></p>
<ul><li>
Must be a licensed full-time K-12 public school teacher in Nevada</li>
<li>
Qualifying income below $98,500</li>
<li>
Home price below $400,000</li>
<li>
Minimum credit score of 660</li>
<li>
Government insured loans only (no conventional loans)</li>
<li>
Teacher must live in home as primary residence</li>
<li>
<a href="http://www.homeispossiblenv.org/program/welcome-homeownership-101" target="_blank">Homebuyer education course required</a></li>
<li>
Must meet standard underwriting requirements</li>
<li>
One-time fee of $675 on first mortgage</li>
<li>
Funding amount available for 300 teachers, provided on a first come, first served basis</li>
</ul><p> </p>
<p>To get started, all teachers need to do is <a href="http://www.homeispossiblenv.org/find-lender-realtor/find-lender.php" target="_blank">find a HIP-qualified lender</a>. No guessing needed.</p>
<p> </p>
<p><strong>Classy Gift-Giving</strong></p>
<p>Know a teacher who would appreciate $10,000 for a new house? We thought so. Feel free to add a note about Home Is Possible For Teachers to your coffee mug, flowers, box o’ candy or other teacher appreciation gifts. Now that’s class!</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/10" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">$10</a></div><div class="field-item odd"><a href="/tags/000-free-money-nevada-teachers" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">000 FREE Money for Nevada Teachers</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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Our Programs</h2>
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<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
</div>
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<div class="views-field views-field-path"> <span class="field-content"><a href="/home-possible-nevada-down-payment-assistance-programs" class="more">Read More...</a></span> </div>
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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</div>
<div class="views-field views-field-field-teaser-text1">
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<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-heroes" class="more">Read More...</a></span> </div>
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</div>
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<div class="field-content">
<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-teachers" class="more">Read More...</a></span> </div>
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</div></div></div>Wed, 03 May 2017 20:20:40 +0000admin410 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/we%E2%80%99ve-got-10000-says-teachers-are-appreciated-nevada#commentsFREE To A Good Home(buyer): Required Homebuyer Educationhttps://www.homeispossiblenv.org/blog/free-good-homebuyer-required-homebuyer-education
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><img alt="" src="/sites/default/files/buyereducationblog.png" style="width: 872px; height: 580px;" /></p>
<p>We want you to succeed, plain and simple. That’s why the Nevada Housing Division requires participants in our Home Is Possible programs to take and pass a <a href="http://www.homeispossiblenv.org/page/buyers-education" target="_blank">homebuyer education course</a>. It’s also the reason we just developed our very own homebuyer education course, one that was specifically designed to get Nevadans homebuyer-ready. It was produced right here in Nevada, it features Nevada real estate professionals sharing their expertise, and this HIP-approved course is absolutely free—‘cause we also want to save you money.</p>
<p><strong>Why You Need This Course</strong></p>
<p> The short answer is, “Because we said so.” (Requirements and whatnot.)</p>
<p>But wait! There’s a much better answer, one we’re very proud of. The delinquency rate for NHD loans is two times less than other housing finance agencies (HFAs) nationwide. In fact, 98.5% of our single-family mortgage loans are paying on time. We believe our homebuyer education course mandate plays a huge part in that. Of course, the fact that Nevadans are absolutely awesome helps a ton, too.</p>
<p>Keep in mind that while you don’t have to use HIP programs to take the course, you do have to take this course (or another HIP-approved course) to qualify for our homebuyer programs. </p>
<p><strong>Here’s The Dealio</strong></p>
<p> Our homebuyer education course consists of five short, online, information-packed videos that will help you become a knowledgeable homeowner. You can watch them as many times as you need, anytime up to a year before you close on your HIP loan.</p>
<p>At the end of each video, there will be a practice quiz. (Don’t worry, they don’t count toward your grade!) Once you’ve completed all five videos, you’ll have a final exam comprised of 25 questions. Get 20 answers or more correct to pass the course. (You got this!)</p>
<p> Soon, we will roll out the Spanish homebuyer education course. Look for the announcement on our <a href="https://www.facebook.com/HomeIsPossibleNV/" target="_blank">Facebook</a> and <a href="https://twitter.com/HousingDivision" target="_blank">Twitter</a> pages.</p>
<p><strong>Welcome To The Starting Line</strong></p>
<p>As luck would have it, signing up is a snap. (Well technically, it’s a click on the red “Get Started/Continue” button at the bottom of <a href="http://www.homeispossiblenv.org/program/welcome-homeownership-101" target="_blank">sign up page</a>.) There you can create your profile and get started on the HIP-required course. Every person on the loan must set up their own profile and pass the course separately.</p>
<p>If you qualify for <a href="http://www.homeispossiblenv.org/program/home-possible-program" target="_blank">Home Is Possible</a>, <a href="http://www.homeispossiblenv.org/program/hip-plus" target="_blank">Home Is Possible Plus</a>, <a href="http://www.homeispossiblenv.org/program/home-possible-heroes" target="_blank">Home Is Possible For Heroes</a>, <a href="http://www.homeispossiblenv.org/program/home-possible-teachers" target="_blank">Home Is Possible For Teachers</a> or <a href="http://www.homeispossiblenv.org/mcc/home-possible-mcc-program.php" target="_blank">Mortgage Credit Certificate</a> (or you just want to be a savvy homeowner), check out our shiny, new, free option for <a href="http://www.homeispossiblenv.org/page/buyers-education" target="_blank">homebuyer education</a>.</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/homebuyer-education" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">homebuyer education</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<h2 class="cst_header">
Our Programs</h2>
<div id="block-views-other-program-block--9" class="block block-views odd">
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<div class="field-content"><a href="/home-possible-nevada-down-payment-assistance-programs"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/styles/large/public/home-is-possible.png?itok=3A7EZ8Rl" width="458" height="480" alt="Nevada down payment assistance programs - Home is Possible" /></a></div>
</div>
<div class="views-field views-field-field-teaser-text1">
<div class="field-content">
<p>Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/home-possible-nevada-down-payment-assistance-programs" class="more">Read More...</a></span> </div>
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</div>
<div class="views-field views-field-field-teaser-text1">
<div class="field-content">
<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/home-possible-mortgage-credit-certificate" class="more">Read More...</a></span> </div>
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<div class="field-content"><a href="/program/home-possible-heroes"><img typeof="foaf:Image" src="https://www.homeispossiblenv.org/sites/default/files/styles/large/public/home-is-possible-for-heroes_1.png?itok=3h6H00og" width="458" height="480" alt="Nevada veterans mortgage assistance - Home is Possible for Heroes" /></a></div>
</div>
<div class="views-field views-field-field-teaser-text1">
<div class="field-content">
<p>Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-heroes" class="more">Read More...</a></span> </div>
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</div>
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<div class="field-content">
<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
</div>
</div>
<div class="views-field views-field-path"> <span class="field-content"><a href="/program/home-possible-teachers" class="more">Read More...</a></span> </div>
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</div></div></div>Tue, 02 May 2017 00:47:37 +0000admin406 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/free-good-homebuyer-required-homebuyer-education#comments5 Tips Every Homebuyer Should Knowhttps://www.homeispossiblenv.org/blog/5-tips-every-homebuyer-should-know
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><img alt="Couple looking at homes on tablet" src="/sites/default/files/homebuyerblog.png" /></p>
<p>The homebuying season is upon us—traditionally, the spring and summer months. Given that the process of buying a house can be lengthy, detailed and sometimes daunting, we’re sharing five tips that homebuying newbies and been-there-done-that homebuyers alike should follow.</p>
<ol><li>
<strong>Avoid Risky Loans.</strong></li>
</ol><p>One of the biggest pitfalls homebuyers encounter is choosing a risky loan. Thankfully, avoiding them is easy peasy, thanks to the loans available through <a href="http://www.homeispossiblenv.org/index" target="_blank">Home Is Possible</a> (HIP). In the off chance you’re not going through us, check out Investopedia’s <a href="http://www.investopedia.com/slide-show/5-risky-mortgages/?article=1" target="_blank">top risky mortgages to avoid</a> before loan shopping.</p>
<ol><li value="2">
<strong>Shop ‘Til You Drop (Or Preferably, Just Before).</strong></li>
</ol><p>Again, HIP saves you time, money and heartbreak because we take the guesswork out of finding legit, favorable loans. (Check out our <a href="http://www.homeispossiblenv.org/find-lender-realtor/find-lender.php" target="_blank">lender finder</a> to get started.) But if you don’t qualify for HIP programs, do yourself a favor: Shop multiple lenders and compare apples to apples. Rates, closing costs, points, down payment requirements and prepayment penalties should all be examined. Experts recommend getting no-obligation quotes from at least three different lenders.</p>
<ol><li value="3">
<strong>Don’t Buy More House Than You Can Afford.</strong></li>
</ol><p>Qualifying for a certain amount doesn’t automatically mean you can afford it, at least not comfortably. To get a good idea of what’s comfy, tally your current monthly income; then subtract your expenses. What’s left over for savings, home improvements, new furnishings, increased utility bills, dinners out and other expenses? Still feeling good? Then go for it!</p>
<ol><li value="4">
<strong>Get A Real Estate Pro On Your Side.</strong></li>
</ol><p>It may be tempting to skip the real estate agent once you’ve calculated what their commission might be, but we have to stop you right there. For most people, this is the biggest financial decision you’ll make in your life. You need someone who’s not only working on your behalf, but is also experienced in the art of negotiation, contracts, process, inspections and the big picture. And ultimately, it’s the seller who pays both agents’ commissions, so it’s sort of a no-brainer. Work with a pro. Preferably, a <a href="http://www.homeispossiblenv.org/find-lender-realtor/find-realtor.php" target="_blank">HIP-qualified pro</a>.</p>
<ol><li value="5">
<strong>The Home Inspection Is Your Friend.</strong></li>
</ol><p>In the tough, seller-friendly housing market of both <a href="https://www.reviewjournal.com/business/housing/looking-for-a-las-vegas-house-lack-of-supply-may-be-a-problem/" target="_blank">southern</a> and <a href="http://www.kolotv.com/content/news/The-state-of-the-housing-market-for-2017-411300465.html" target="_blank">northern</a> Nevada, buyers need to be ultra-competitive. One way some homebuyers try to make their offer stand out is to waive traditional contingencies like a <a href="http://www.rochesterrealestateblog.com/top-reasons-to-have-a-home-inspection-when-buying-a-home/" target="_blank">home inspection</a>. Don’t do it! Hidden problems may very well cost you much more than the home inspection would. Finding structural and system problems before the close of sale gives the homebuyer security that they’re not buying a money pit. And that’s a beautiful thing.</p>
<p><strong>Notice The Little Things</strong></p>
<p>In addition to the five tips above, we’ve got a few honorable mentions for you:</p>
<ul><li>
Stains or strange paint patches may signal a bigger problem. (See tip #5.)</li>
<li>
A house that has bad odors or smells strongly of air fresheners often has problems like leaks, mold or even pests. (Again, see tip #5.)</li>
<li>
Be sure to check out the Joneses before buying a home. If the neighborhood is in decline (abandoned homes, boarded up properties, overgrown yards, etc.), chances are the resale value of the home is on its way down.</li>
</ul><p>Ready to navigate the wide world of homebuying? Check out our <a href="http://www.homeispossiblenv.org/find-lender-agent/find-agent.php">agent</a><a href="http://www.homeispossiblenv.org/find-lender-agent/find-agent.php" target="_blank"> finder</a> which is chockfull of experienced, qualified, helpful pros. Simply peruse the profiles and choose the perfect person for you. Happy house hunting!</p>
</div></div></div><div class="field field-name-field-blog-tags field-type-taxonomy-term-reference field-label-hidden"><div class="field-items"><div class="field-item even"><a href="/tags/5-tips-every-homebuyer-should-know" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">5 Tips Every Homebuyer Should Know</a></div></div></div><div class="field field-name-field-our-program-blog field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><div class="wrap-program-lender">
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<p>Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.</p>
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<p>Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.</p>
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</div></div></div>Fri, 21 Apr 2017 16:30:50 +0000admin404 at https://www.homeispossiblenv.orghttps://www.homeispossiblenv.org/blog/5-tips-every-homebuyer-should-know#comments